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Post# of 79025
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Nocona

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Nocona

Re: None

Thursday, 09/01/2005 10:50:52 AM

Thursday, September 01, 2005 10:50:52 AM

Post# of 79025
QQQQ / RSI 5 Hourly System informatiom:

When the RSI 5 of an Hourly bar closes below 26 BUY QQQQ
When the RSI 5 of an Hourly bar closes above 70 SELL QQQQ

When the RSI 5 of an Hourly bar closes above 74 SHORT QQQQ
When the RSI 5 of an Hourly bar closes below 30 COVER QQQQ

Use a 2% stop loss

Make your trade at the end of an Hourly bar

Use a Live Chart where the 1st bar is a full hour (9:30 ET to 10:30 ET)

Since 5-24-05 there have been 28 trades with 24 gains, 3 losses and 1 even for a collective gain of 20.43% w/o margin.
Use whatever % margin you are comfortable with.

If you use options, invest only 10% of allocated money in options and invest 90% in QQQQ

Use slightly in the money near term options

The system is currently short. I will up date with each trade.

Nocona



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